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FASB Tag

06 Jun

Posted at 17:19h in Accounting, Advisory Services, FASB, Leases & Standards by
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Norwalk, CT, June 3, 2020—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance. Early application continues to be permitted. “The FASB issued the...

22 May

Posted at 20:53h in Accounting, FASB, Financials, Leases & Standards by
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The FASB met on Wednesday, May 20, 2020 voted to extend the effective date of Topics 606, Revenue from Contracts with Customers, and 842, Leases, for certain entities and has directed the staff to draft a final Accounting Standards Update (ASU) for vote by written ballot. VIEW...